RUT, SPX, DJIA, NDX Another New All-time Closing High...NVDA, TSLA, AMD, X Take Off...

Setups to Watch for Wednesday

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Technical Commentary

Broad market indexes and ETFs each make a new all-time closing high.

IWM, SPY, DIA, QQQ = New all-time High

Up Trend: XLF, XLI, XLB, XLY, XLK, XLP, XLU, XLV, XLRE

Sideways:

Down Trend: XLE

XLRE shifts from sideways to up trend.

Breadth strengthened as advancers led 2,128 to 827 on the NYSE and led 1,627 to 1,195 on the NASDAQ.

Tuesday – strengthened, advancers led, +10 sectors

Monday – George Washington’s Birthday

Friday – strengthened, advancers led on the Nasdaq, +8

Thursday – weakened, decliners led, +5

Wednesday – strengthened, advancers led, +6

IWM +0.78%, SPY +0.60%, DIA QQQ +0.58%, QQQ +0.49%,

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SPY up 1.40 at 236.49 on 88.9 million shares, 24% above average volume,

VIX up .08 at 11.57

TLT down -.21 at 120.11…on 8.7 million shares, 6% below average volume

The SPY MFC green line is pointed up at 98 bullish. 

6-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

SPX and NDX Highlights

SPX up 14 points at 2,365, a new all-time closing high.

SPX  gainers SNI, MDLZ, FSLR, SJM, CNC, NVDA, PWR, DISCA, EW, GIS, WMT, DV, HSIC, AMT, TSO, AES, LKQ, PBI, CBS, TIF, AMAT, LRCX, K, ANTM, GCI, WMB, CI

QQQ closes up 64 cents at 130.45, a new all-time closing high.

   

NDX point leaders: AMZN, AAPL, MDLZ, NVDA, CSCO, GOOG, CMCSA, AMAT, AVGO, GOOGL, ESRX, TSLA and TXN

72 of 100 NDX stocks closed higher on Tuesday.

88 NDX stocks are above their 30 DMA.

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 4

FOXA, MDLZ, NVDA, VOD

Moving Below 30 DMA = 0

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Strong Stocks: Setups and Moves You Can Use

Bull Flag Setups include: GDXJ,

IBM, DD,

NTES, FB, ATVI, PCAR, SYMC, STX, CMCSA, YHOO, EA, CHKP, WDC,

RCL, CLF, ETFC, STLD, SODA, WFC, NRG, HBAN, STI, NTAP,

One Day Pullback: DE,

Bull Flag Bounces include: AMD, TSLA, VALE, X, NVDA, LRCX, MU, GS, XLY, JD, FLEX, MS, MXIM, CFG, (14)

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Horizontal Breakout Setups include: TXN, TMUS, GM, INTC, VIAB, DIS, CAT, HIG,

CSX, GOOGL, MSFT, UPS, XLB, FAST, MCHP, PCLN, NUE, MT, ROST,

Horizontal Breakouts include: WB, AMZN, TXN, AMAT, FLEX, SOXL,

New Highs include: CC, KLAC, BA, SRCL, WIX, AVGO, ADI, GD, COST, MCD, SHOP, DIA, QQQ, SPY, IWM, XLK, XLP, XLI, FAS, BAC, PG, AAPL, JPM, AXP, EBAY, LUV, FLEX, USB, GLW, MMM, SWKS, ADSK, ADBE, MAR

At Support Setups include: HAL, CHK, BHI, CF, TLT,

Support Bounce: CCL, UNH, BABA, HES, LNG, MGM, SQ,

Break of Support: FCX,

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Earnings

2016 Q4 EPS

EPS Positive Reactions

NTES, SRCL, NTAP, CSCO, SHPG, WIX, ADI, WYN, SODA, ATVI, CBG, MT, MHK, VIAB, K, CVS, REGN, PRU, WFM, GT, FISV, PNRA, BWLD, MCHP, CTSH, PXD, ORLY, ALK, MDLZ, CDW, TDG, CNC, NOV, EMR, CHD, TSO, ICE, CBOE, ADM, CAH, HAS, SALT,

EPS Negative Reactions

MDLZ, KHC, FOSL, AIG, DVN, KHC, NVDA, CERN, DNB, COTY, MAS, AKAM, GILD, CSRA, ICE, JEC, KORS, FMC, GM, FOXA, NWL, DO, SYY, HBI, FEYE, GPRO, SKYW, CMG, AMZN, HIG, PSX, CME, CRUS, RL, R, FB, QRVO, PBI, D, ADP, UAA, UPS, MA, NUE, XOM, JNPR, SBUX, PYPL, GOOGL, JBLU, F, CAT, WHR, FFIV, LVS, CTXS, QCOM, MUR, FCX, STLD, CA, FCX, HES, STT, AKS, VZ, JNJ, LMT, MMM, TRV, HAL, MCD, GE, NTRS, CSX, C, CMA, MS, UNH, AYI, CMC, STZ, SCHN, RHT, BBBY, FINL, AGN, FDX, GIS, ADBE

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